Economy

Uber CEO Dara Khosrowshahi answers audience questions during a recording of the “On With Kara Swisher” podcast at the Johns Hopkins University Bloomberg Center on December 15, 2025 in Washington, DC. Chip Somodevilla | Getty Images Uber is slashing 23% of jobs in its people division as it seeks to streamline operations under the direction […]

Scott Bessent, US treasury secretary, during a Senate Finance Committee hearing in Washington, DC, US, on Wednesday, June 3, 2026. Eric Lee | Bloomberg | Getty Images Treasury Secretary Scott Bessant said Wednesday that he is “performing the duties” of Internal Revenue Service commissioner, even as he insisted he is not the agency’s acting commissioner […]

Elon Musk’s SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offeringa person familiar with the matter confirmed to CNBC on Wednesday. Typically, at this stage of the process, new issuers will offer a price range that allows a company and its advisers to gauge […]

Senator Thom Tillis (R-NC) questions Secretary of Treasury Scott Bessent during a Senate Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC on February 5, 2026. Nathan Posner | Anadolu | Getty Images Republican Sen. Thom Tillis on Wednesday blasted President Donald Trump’s pick to lead the U.S. intelligence community as an “incendiary […]

Investors should brace for a “wholesale reshuffling of the stock guard” in the next two weeks, CNBC’s Jim Cramer said Friday, with a spate of critical earnings and economic data ahead.Investors should be primed for market-moving earnings releases from the likes of Coca-Cola, industrial concern 3M, consumer favorite McDonald’s, General Electric, General Motors and far… […]

Theo Wargo | Wireimage | Getty ImagesA rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO in an open letter.The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and a first-quarter… […]

Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Supreme Court on Friday ordered the abortion pill mifepristone to remain broadly available as litigation plays out in a lower court.The high court’s decision came in response to an emergency request… […]

Google’s construction site on future San Jose megacampus sits idle as company halts development amid cost-cutting.Jennifer EliasIn June 2021, Google won approval to build an 80-acre campus, spanning 7.3 million square feet of office space, in San Jose, California, the third-largest city in the country’s most populous state. The estimated economic impact: $19 billion.The timing… […]

Tax Day has come and gone. Take a second to breathe a sigh of relief. But don’t pack up your calculator and green plastic visor just yet. Now is the perfect time to make sure you have everything in order for your 2023 taxes.Namely, you’d be wise to assess your withholding, tax experts say.Chances are… […]

Bras for sale at a Victoria’s Secret store on Fifth Avenue in New York, US, on Thursday, Sept. 4, 2025. Gabby Jones | Bloomberg | Getty Images Shoppers may be feeling gloomy about high prices at the pump, but they’re still shelling out for new bras and underwear at Victoria’s Secret . The lingerie retailer […]